Wednesday, October 17, 2012
cheap lv handbags sale Legalization and Regulation The fundamental question is whether Internet gamb
Legalization and Regulation:
The fundamental question is whether Internet gambling can be controlled, and to what extent. As discussed, it appears that legislative attempts to eliminate this industry will ultimately be ineffective. Therefore, it would seem a more useful approach to dealing with problems of online gambling would be to legalize and regulate the industry. Online gambling companies could be licensed and regulated by the government. Other countries have recognized this new technology and look forward to a potential gain in economic growth by providing a safe-haven for entrepreneurs interested in starting an Internet gambling business. Whether or not online gambling is good for our society is irrelevant if it cannot be prevented,replica chanel watches. Regardless of the law Canadians can continue to gamble online without much fear of legal consequence. If the government refuse to legalize and regulate a form of this industry in Canada other countries will increasingly profit from Canadian business while the provinces of Canada lose revenue. Essentially the provincial governments will not be able to maintain their monopoly of the gambling industry if they have to compete with online gambling sites from around the world.
Although regulation cannot prevent all of the societal harms gambling can cause, it could definitely take steps towards that goal. Australia, for example, has implemented what it calls the Draft Regulatory Model. Under this regulatory model,retro jordans for sale, a number of basic principles are included to help control, not eliminate the online gambling industry in Australia.
First,ray ban sunglasses cheap, a variety of regulations can be imposed to reduce the chance of fraud and further acquire a percentage of profits from Internet gambling. Licensing of service providers pursuant to background checks and determination of financial capacity to pay out winnings should be instituted. These licensing and fee requirements should help reduce the potential for unlawful practices of online gambling companies. Although evasion of licensing requirements and government monitoring might easily be accomplished by online casino operators, online gamblers would have the choice to interact only with those who are licensed. Thereby providing an incentive for compliance and offering online gamblers some assurance that they are dealing with legitimate organizations.
In order to combat the serious concern of minors being able to gamble online requirements for player authentication should be implemented. It is now possible to block children's access to online gambling sites by using a registration procedure that is cross-verified with available databases. Also governments should provide education to parents and schools on the dangers of unmonitored Internet use by children. Greater use of filtering programs in home and school computers could go a long way in solving this problem.
To reduce the potential for addiction and financial loss,louis vuitton sunglasses for men, maximum limits on wagering should be set. Also, contact information and further assistance for problems of gambling addictions should be advertised on gambling websites.
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